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According to the latest research by Wood Mackenzie, the market share of the leading three wind turbine OEMs will grow from 47% (or 32GW) in 2019 to more than 60% (i.
e.
48GW) by 2028 ）
。
The three major wind turbine OEMs are Vestas, Siemens Gamesa and General Electric
.
Currently, the three manufacturers are leveraging strategic relationships with major asset owners to execute large-scale projects, while also investing in new products and technologies
.
It is expected that Vestas will increase its market share to an average of 20%
in the next 5 years.
International manufacturers VS regional manufacturers
The report also believes that "by the end of 2019, Siemens Gamesa's cumulative installed capacity will exceed 100GW, becoming the second wind turbine manufacturer
to reach this milestone after Vestas.
"
In 2019, Vestas consolidated its leading position
by becoming the first turbine OEM with a capacity of more than 10GW per year.
Due to the surge in activity in the US and China, in addition to Vestas, Siemens Gamesa, GE and Goldwind will each install about 10GW of turbines
in 2020.
Shashi Barla, principal analyst at Wood McKenzie, said, "Given Goldwind's leading position in the Chinese market, coupled with large-scale projects in Australia and Canada, Goldwind is expected to break the 10 GW mark in 2020 and become the second largest manufacturer
of the year.
”
Traditionally, the willingness to invest and develop new products and technologies to reduce the average cost of energy (LCOE) will help improve business positioning
.
However, judging by recent developments, regional players will face an uphill competitive battle, such as Germany's Senvion and India's Suzlon
.
For regional players, however, the crisis has also turned around
.
Nordex and Enercon are expected to strengthen their businesses
by increasing investment in new wind turbine technology.
The former is expected to install a record 5.
5GW of annual capacity in 2020 and 2021, a significant increase of 40%
compared to 2019.
Offshore wind: the new blue ocean
Over the next decade, turbine OEMs focused solely on onshore wind will compete
in a global market averaging 60GW.
However, during the outlook period, the offshore industry is expected to see a range of activities
.
Siemens Gamesa remains the undisputed leader in offshore wind, with a backlog of more than 15 GW, and GE has also made remarkable achievements in this area, signing 4.
8 GW of orders
in the UK and US this year.
In addition, MHI Vestas, a joint venture between Mitsubishi Heavy Industries and Vestas, is expected to be among the top 10 OEMs by 2023 and the top 5 by 2027-2028, the only pure offshore vendor
in the top five.
At present, the company has won more than 7 GW of cumulative contracts
in 7 countries.
Mingyang has become a rising star in China's offshore wind industry, signing more than 4.
5 GW of orders
in the past year.
A closer relationship with Guangdong Province, China's largest offshore market, will maintain Mingyang's positioning
for a long time.
China's phase-out of feed-in tariffs (FiT) is expected to surge orders to a total of 56GW
in 2019 and 2020.
With a surge in domestic demand, ten of the top 15 turbine OEMs in 2020 will be Chinese
.
According to the latest research by Wood Mackenzie, the market share of the leading three wind turbine OEMs will grow from 47% (or 32GW) in 2019 to more than 60% (i.
e.
48GW) by 2028 ）
。
The three major wind turbine OEMs are Vestas, Siemens Gamesa and General Electric
.
Currently, the three manufacturers are leveraging strategic relationships with major asset owners to execute large-scale projects, while also investing in new products and technologies
.
It is expected that Vestas will increase its market share to an average of 20%
in the next 5 years.
International manufacturers VS regional manufacturers
International Manufacturer VS Regional Manufacturer VSThe report also believes that "by the end of 2019, Siemens Gamesa's cumulative installed capacity will exceed 100GW, becoming the second wind turbine manufacturer
to reach this milestone after Vestas.
"
In 2019, Vestas consolidated its leading position
by becoming the first turbine OEM with a capacity of more than 10GW per year.
Due to the surge in activity in the US and China, in addition to Vestas, Siemens Gamesa, GE and Goldwind will each install about 10GW of turbines
in 2020.
Shashi Barla, principal analyst at Wood McKenzie, said, "Given Goldwind's leading position in the Chinese market, coupled with large-scale projects in Australia and Canada, Goldwind is expected to break the 10 GW mark in 2020 and become the second largest manufacturer
of the year.
”
Traditionally, the willingness to invest and develop new products and technologies to reduce the average cost of energy (LCOE) will help improve business positioning
.
However, judging by recent developments, regional players will face an uphill competitive battle, such as Germany's Senvion and India's Suzlon
.
For regional players, however, the crisis has also turned around
.
Nordex and Enercon are expected to strengthen their businesses
by increasing investment in new wind turbine technology.
The former is expected to install a record 5.
5GW of annual capacity in 2020 and 2021, a significant increase of 40%
compared to 2019.
5GW201940
Offshore wind: the new blue ocean
Offshore wind: the new blue oceanOver the next decade, turbine OEMs focused solely on onshore wind will compete
in a global market averaging 60GW.
However, during the outlook period, the offshore industry is expected to see a range of activities
.
Siemens Gamesa remains the undisputed leader in offshore wind, with a backlog of more than 15 GW, and GE has also made remarkable achievements in this area, signing 4.
8 GW of orders
in the UK and US this year.
8
In addition, MHI Vestas, a joint venture between Mitsubishi Heavy Industries and Vestas, is expected to be among the top 10 OEMs by 2023 and the top 5 by 2027-2028, the only pure offshore vendor
in the top five.
At present, the company has won more than 7 GW of cumulative contracts
in 7 countries.
Mingyang has become a rising star in China's offshore wind industry, signing more than 4.
5 GW of orders
in the past year.
A closer relationship with Guangdong Province, China's largest offshore market, will maintain Mingyang's positioning
for a long time.
5
China's phase-out of feed-in tariffs (FiT) is expected to surge orders to a total of 56GW
in 2019 and 2020.
With a surge in domestic demand, ten of the top 15 turbine OEMs in 2020 will be Chinese
.
